Former Ripple Engineer Reveals Detail of Anticipated Agreement in Arbitrum's Ethereum
In a significant development, Arbitrum, one of Ethereum's busiest scaling layers, has unveiled a new upgrade that incorporates modular zero-knowledge (ZK) proving. This evolution is poised to align with Ethereum's changing demands, offering a more versatile and adaptable network.
Matt Hamilton, a renowned figure in the blockchain industry, has played a pivotal role in this development. Known for his work on translating the XRP Ledger into something developers could work with at Ripple, Hamilton also worked on engineering at both Ripple and Arbitrum. His dual track record lends weight to his statements about Arbitrum, with the latest upgrade described as a "huge deal."
The new setup, explained by Ricardo Gordon, community admin at the Arbitrum Foundation, unlocks faster exits, smoother bridging, and more flexibility for developers who no longer need to choose a single rollup model. This hybrid setup allows users moving assets across chains or pulling funds out to opt into ZK for confirmation in minutes.
However, it's important to note that the upgrade does not affect users who only want low-cost transactions, as they can still use Optimism. Arbitrum utilizes both Optimistic and ZK rollups for different use cases, ensuring the network's versatility and ability to adapt to various Ethereum use cases.
Ricardo Gordon elaborated on the benefits of the new setup, highlighting its potential to revolutionize the way transactions are processed on the Ethereum network. The network's design is not limited to a single "Layer 2 for finances," as it offers a range of tools like Stylus and Orbit, further enhancing its utility and appeal.
Matt Hamilton's work at Arbitrum extends beyond engineering, as he has also been instrumental in scaling Ethereum directly within Arbitrum's team. His presence, along with Ricardo Gordon's expertise as a community admin at the Arbitrum Foundation, underscores the commitment to innovation and growth within the Arbitrum community.
While this upgrade marks a significant step forward for Arbitrum and Ethereum, it's important to note that there's no new information about XRP or XRP News in this context. Matt Hamilton's previous work at ConsenSys before joining Arbitrum and Ripple also adds to his extensive experience in the blockchain industry.
In conclusion, the introduction of modular ZK proving to Arbitrum's network represents a promising development in the scaling of Ethereum. The hybrid setup offers faster transaction confirmation, smoother bridging, and increased flexibility for developers, positioning Arbitrum as a leading player in the Ethereum scaling landscape.
